Common use of Transfer of Employment Clause in Contracts

Transfer of Employment. In the event that Xx. Xxxxxx'x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any Southern Subsidiary, the Company shall assign this Agreement to Southern, such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 4 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

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Transfer of Employment. In the event that Xx. Xxxxxx'x Xxxxxxx’x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx Xxxxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any a another Southern Subsidiary, the Company shall assign this Agreement to Southern, Southern or such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 3 contracts

Samples: Change in Control Agreement (Southern Power Co), Change in Control Agreement (Southern Power Co), Change in Control Agreement (Southern Power Co)

Transfer of Employment. In the event that Xx. Xxxxxx'x Xxxxxxxx'x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx Xxxxxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any Southern Subsidiary, the Company shall assign this Agreement to Southern, such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 3 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

Transfer of Employment. In the event that Xx. Xxxxxx'x Xxxxxxxxx'x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx Xxxxxxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any Southern Subsidiary, the Company shall assign this Agreement to Southern, such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 3 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

Transfer of Employment. In the event that Xx. Xxxxxx'x Xxxxxxx'x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx Xxxxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any Southern Subsidiary, the Company shall assign this Agreement to Southern, such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 2 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

Transfer of Employment. In the event that Xx. Xxxxxx'x XxXxxxx'x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx XxXxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any Southern Subsidiary, the Company shall assign this Agreement to Southern, such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Transfer of Employment. In the event that Xx. Xxxxxx'x Xxxxxxxxx’x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx Xxxxxxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any a another Southern Subsidiary, the Company shall assign this Agreement to Southern, Southern or such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

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Transfer of Employment. In the event that Xx. Xxxxxx'x Xxxxxx’ employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any a another Southern Subsidiary, the Company shall assign this Agreement to Southern, Southern or such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

Transfer of Employment. In the event that Xx. Xxxxxx'x Xxxxx'x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx Xxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any Southern Subsidiary, the Company shall assign this Agreement to Southern, such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Transfer of Employment. In the event that Xx. Xxxxxx'x XxXxxxx’x employment by the Company is terminated during the two year period following a Change in Control and Xx. Xxxxxx XxXxxxx accepts employment by Southern, a Southern Subsidiary, or any employer that succeeds to all or substantially all of the assets of the Company, Southern or any a another Southern Subsidiary, the Company shall assign this Agreement to Southern, Southern or such Southern Subsidiary, or successor employer, Southern shall accept such assignment or cause such Southern Subsidiary or successor employer to accept such assignment, and such assignee shall become the "Company" for all purposes hereunder.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

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